Electric Motors Market for Household Appliances Forecast to 2027

After experiencing the effects of the pandemic, the market for electric motors for household appliances is projected to increase at a respectable and significant rate. The market report on electric motors for home appliances includes a qualitative market analysis that will aid market buyers and investors in making wiser judgments for the anticipated time period. The market study discusses the market segments' potential as well as the escalating rivalry on national and international markets. The impact of the pandemic and the market drivers that would drive the market throughout the forecast period are also covered in the study. The performance of the key market players is also included in the study.

Segment Overview

The five categories of type, voltage, output power, application, and region have been used to divide the market for electric motors used in home appliances. The two market sectors for electric motors are AC motors and DC motors, according to the source. The global electric motors market is divided into three voltage categories: up to 50 V, 50 V-120 V, and over 120 V. Electric motors are available in categories for use in refrigerators, washing machines, ovens, vacuum cleaners, dishwashing machines, and other appliances. Other categories of the global electric motors market have been developed based on output power for motors with an output of 500W or more.

Regional Analysis

Due to the advancement of market trends for electric motors for home appliances, the market is mostly operational in 4 key regions: North America, the APAC region, the European countries, and the rest of the globe (RoW). The fifth region, LAMEA, is likewise seeing signs of market development. The APAC region is expected to have the highest market CAGR and total market value by the end of the forecast period in 2030, according to industry analysts.

Major Players

Baldor Electric Incorporation, Siemens AG, Sanhua Aweco (Germany), Brook Crompton UK Limited, Johnson Electric Holdings Limited (Hong Kong), Toshiba Corporation, Panasonic Corporation (Japan), Asmo Corporation Limited, Nidec Motor Corporation (Japan), Keli Motor Group Co., Ltd. (China), C.G. Power and Industrial Solutions Limited (India), Dumore Motors (U.S.), NMB (U.S.), Newmotech are among the leading companies operating in the global Electric motors market.

COVID 19 Impacts

The market was fully operational over the historical forecast period, which ended in 2019, and as a result, the profit margins and CAGR growth were encouraging. However, the pandemic year of 2020 served as the base for the market assessment completed for the current forecast period of 2022-2030. However, neither the market's operation nor global growth have benefited by the pandemic's arrival. The pandemic puts the audience's health and lives at risk on a global scale. As a result, they are moving toward changing their way of life and implementing strategies that will enable them to make adjustments to their way of life, particularly during the current projection period, which will conclude in 2030.

Governments, as well as the major market participants, are aware of the market's growing need to transition to new goods and services that will better meet the needs of the intended consumer base. Additionally, the increased investment is probably going to assist the market in achieving its long-term sustainability and preferred aims.

Product Code: MRFR/E&P/6942-CR

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 19
- 1.1.1 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY TYPE 20
- 1.1.2 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY VOLTAGE 21
- 1.1.3 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY OUTPUT POWER 22
- 1.1.4 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY APPLICATION 23
- 1.1.5 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY REGION 24

2 MARKET INTRODUCTION

2.1 DEFINITION 25
2.2 SCOPE OF THE STUDY 25
2.3 RESEARCH OBJECTIVE 25
2.4 MARKET STRUCTURE 26

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 27
3.2 PRIMARY RESEARCH 28
3.3 SECONDARY RESEARCH 29
3.4 MARKET SIZE ESTIMATION 29
3.5 FORECAST MODEL 31
3.6 LIST OF ASSUMPTIONS 32

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 OVERVIEW 36
5.2 DRIVERS 36
- 5.2.1 DEMAND FOR HVAC IN RESIDENTIAL SECTOR 36
- 5.2.2 INCREASING AFFORDABILITY OF HOUSEHOLD APPLIANCES 36
5.3 RESTRAINT 37
- 5.3.1 AVAILABILITY OF COUNTERFEIT PRODUCTS 37
5.4 OPPORTUNITY 38
- 5.4.1 ADVANCED AND HIGH-PERFORMANCE HOUSEHOLD APPLIANCES 38
- 5.4.2 POTENTIAL IN PARTS OF ASIA-PACIFIC AND THE MIDDLE EAST & AFRICA 38

6 MARKET FACTOR ANALYSIS

6.1 SUPPLY CHAIN ANALYSIS 39
- 6.1.1 RAW MATERIAL AND COMPONENT SUPPLY 40
- 6.1.2 COMPONENT MANUFACTURE & ASSEMBLY 40
- 6.1.3 SALES & DISTRIBUTION 40
- 6.1.4 END USE 40
- 6.1.5 AFTERSALES 40
6.2 PORTER'S FIVE FORCES MODEL 41
- 6.2.1 THREAT OF NEW ENTRANTS 42
- 6.2.2 BARGAINING POWER OF SUPPLIERS 42
- 6.2.3 BARGAINING POWER OF BUYERS 42
- 6.2.4 THREAT OF SUBSTITUTES 42
- 6.2.5 RIVALRY 42

7 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY TYPE

7.1 OVERVIEW 43
7.2 AC MOTORS 44
7.3 DC MOTORS 45

8 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY VOLTAGE

8.1 OVERVIEW 46
8.2 UP TO 50 V 47
8.3 50 V - 120 V 48
8.4 ABOVE 120 V 48

9 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY OUTPUT POWER

9.1 OVERVIEW 49
9.2 UP TO 500 W 50
9.3 ABOVE 500 W 50

10 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY APPLICATION

10.1 OVERVIEW 51
10.2 REFRIGERATOR 53
10.3 OVENS 53
10.4 WASHING MACHINE 53
10.5 VACUUM CLEANER 54
10.6 ELECTRIC FAN 54
10.7 DISHWASHER 54
10.8 RANGE HOOD 54
10.9 TUMBLE DRYER 55
10.10 WASH DRYER 55
10.11 FREEZER 55

11 GLOBAL ELECTRIC MOTORS MARKET FOR HOUSEHOLD APPLIANCES, BY REGION

11.1 OVERVIEW 56
11.2 NORTH AMERICA 58
- 11.2.1 US 60
- 11.2.2 CANADA 62
- 11.2.3 MEXICO 64
11.3 EUROPE 67
- 11.3.1 UK 69
- 11.3.2 FRANCE 71
- 11.3.3 GERMANY 73
- 11.3.4 ITALY 75
- 11.3.5 REST OF EUROPE 77
11.4 ASIA-PACIFIC 80
- 11.4.1 CHINA 82
- 11.4.2 JAPAN 84
- 11.4.3 INDIA 86
- 11.4.4 AUSTRALIA 88
- 11.4.5 REST OF ASIA-PACIFIC 90
11.5 MIDDLE EAST & AFRICA 93
- 11.5.1 SAUDI ARABIA 95
- 11.5.2 UAE 97
- 11.5.3 SOUTH AFRICA 99
- 11.5.4 REST OF MIDDLE EAST & AFRICA 101
11.6 SOUTH AMERICA 104
- 11.6.1 BRAZIL 106
- 11.6.2 ARGENTINA 108
- 11.6.3 REST OF SOUTH AMERICA 110

12 COMPETITIVE LANDSCAPE

12.1 COMPETITIVE OVERVIEW 113
12.2 COMPETITIVE BENCHMARKING 114
12.3 MARKET SHARE ANALYSIS 115
12.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 115
- 12.4.1 PRODUCT LAUNCHES 115
- 12.4.2 MERGERS & ACQUISITIONS 116

13 COMPANY PROFILES

13.1 JOHNSON ELECTRIC HOLDINGS LIMITED 117
- 13.1.1 COMPANY OVERVIEW 117
- 13.1.2 FINANCIAL OVERVIEW 118
- 13.1.3 PRODUCTS OFFERED 119
- 13.1.4 KEY DEVELOPMENTS 120
- 13.1.5 SWOT ANALYSIS 121
- 13.1.6 KEY STRATEGIES 121
13.2 EBM-PAPST 122
- 13.2.1 COMPANY OVERVIEW 122
- 13.2.2 FINANCIAL OVERVIEW 123
- 13.2.3 PRODUCTS OFFERED 124
- 13.2.4 KEY DEVELOPMENTS 124
- 13.2.5 SWOT ANALYSIS 125
- 13.2.6 KEY STRATEGIES 125
13.3 NICHIBO DC MOTOR 126
- 13.3.1 COMPANY OVERVIEW 126
- 13.3.2 FINANCIAL OVERVIEW 126
- 13.3.3 PRODUCTS OFFERED 126
- 13.3.4 KEY DEVELOPMENTS 129
- 13.3.5 SWOT ANALYSIS 130
- 13.3.6 KEY STRATEGIES 130
13.4 SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO., LTD. 131
- 13.4.1 COMPANY OVERVIEW 131
- 13.4.2 FINANCIAL OVERVIEW 132
- 13.4.3 PRODUCTS OFFERED 133
- 13.4.4 KEY DEVELOPMENTS 133
- 13.4.5 SWOT ANALYSIS 134
- 13.4.6 KEY STRATEGIES 134
13.5 NIDEC MOTOR CORPORATION 135
- 13.5.1 COMPANY OVERVIEW 135
- 13.5.2 FINANCIAL OVERVIEW 136
- 13.5.3 PRODUCTS OFFERED 137
- 13.5.4 KEY DEVELOPMENTS 142
- 13.5.5 SWOT ANALYSIS 143
- 13.5.6 KEY STRATEGIES 144
13.6 CEBI GROUP 145
- 13.6.1 COMPANY OVERVIEW 145
- 13.6.2 FINANCIAL OVERVIEW 145
- 13.6.3 PRODUCTS OFFERED 145
- 13.6.4 KEY DEVELOPMENTS 146
13.7 ELICA S.P.A. 147
- 13.7.1 COMPANY OVERVIEW 147
- 13.7.2 FINANCIAL OVERVIEW 147
- 13.7.3 PRODUCTS OFFERED 148
- 13.7.4 KEY DEVELOPMENTS 149
13.8 NEWMOTECH CO., LTD 150
- 13.8.1 COMPANY OVERVIEW 150
- 13.8.2 FINANCIAL OVERVIEW 150
- 13.8.3 PRODUCTS OFFERED 150
- 13.8.4 KEY DEVELOPMENTS 150
13.9 DIEHL STIFTUNG & CO. KG 151
- 13.9.1 COMPANY OVERVIEW 151
- 13.9.2 FINANCIAL OVERVIEW 151
- 13.9.3 PRODUCTS OFFERED 152
- 13.9.4 KEY DEVELOPMENTS 152
13.10 DUMORE MOTORS 153
- 13.10.1 COMPANY OVERVIEW 153
- 13.10.2 FINANCIAL OVERVIEW 153
- 13.10.3 PRODUCTS OFFERED 153
- 13.10.4 KEY DEVELOPMENTS 153
13.11 CG POWER AND INDUSTRIAL SOLUTIONS LIMITED 154
- 13.11.1 COMPANY OVERVIEW 154
- 13.11.2 FINANCIAL OVERVIEW 155
- 13.11.3 PRODUCTS OFFERED 156
- 13.11.4 KEY DEVELOPMENTS 156
13.12 NMB 157
- 13.12.1 COMPANY OVERVIEW 157
- 13.12.2 FINANCIAL OVERVIEW 157
- 13.12.3 PRODUCTS OFFERED 157
- 13.12.4 KEY DEVELOPMENTS 157
13.13 PANASONIC CORPORATION 158
- 13.13.1 COMPANY OVERVIEW 158
- 13.13.2 FINANCIAL OVERVIEW 159
- 13.13.3 PRODUCTS OFFERED 160
- 13.13.4 KEY DEVELOPMENTS 161
13.14 KELI MOTOR GROUP CO.LTD. 162
- 13.14.1 COMPANY OVERVIEW 162
- 13.14.2 FINANCIAL OVERVIEW 162
- 13.14.3 PRODUCTS OFFERED 162
- 13.14.4 KEY DEVELOPMENTS 163
13.15 SANHUA AWECO 164
- 13.15.1 COMPANY OVERVIEW 164
- 13.15.2 FINANCIAL OVERVIEW 164
- 13.15.3 PRODUCTS OFFERED 164
- 13.15.4 KEY DEVELOPMENTS 164